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This event occurred on March 27, 2009 in the Aderhold Learning Center.
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| Introduction>> |
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The panelists introduce themselves. |
| Valuation of Property and the Manager's Role>> |
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Describes the issues associated with trying to invest in a sector where valuations have become inflated. What does the risk manager do? Wait for fundamental valuations to return or run with the herd? |
| Organization and Building Up Necessary Liquidity>> |
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Describes how an organization can maintain adequate levels of cash reserves to survive a downturn. Investors can become very impatient with a company that holds "excess" reserves. |
| Changes in Financial Risk Management Practices>> |
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Describes how the financial crisis is likely to impact risk management transactions, such as swaps. The panel discusses risks related to counterparties' failure and the development of new exchanges for risk-oriented transactions. |
| Mark-to-Market Accounting>> |
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Describes some of the issues associated with the use of market values on company balance sheets. Among these issues are increased volatility and the need for extra capital. |
| What Type of Regulations Are Necessary?>> |
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Reviews the issues associated with the crisis. The panel then discusses necessary changes in the regulatory environment. |
| Impact of Stress or Scenario Outcome in Risk Management>> |
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Describes how a risk manager can use a scenario analysis to assess what extreme changes in economic conditions would mean to the firm. |
| The Green in Your Industry>> |
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Describes how changes in environmental policies and attitudes can impact the job of the risk manager. |
| Role of Risk Modeling>> |
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The panel discusses the role of risk modeling in the crisis. Did adherence to models with simplistic assumptions lead to mispricing? How should risk managers use modeling in the future? |
| Risk of Inflation and CFO's Perspective>> |
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Many of the current governmental policies raise the risk of future increases in inflation. The panel discusses how a risk manager would approach the risk of increasing inflation. |
| Inflation and Interest Rate Models>> |
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Discusses the issues associated with attempting to forecast changes in interest rates and inflation. The panel examines the risk manager's challenge when volatility of these two macroeconomic variables is high. |
| Summary of Thoughts and Lessons Learned>> |
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Each panel member offers a summary of their thoughts about risk management and the current financial crisis. |
